Assistant Vice President - Balance Sheet Accountant

M&G Global Services; Mumbai; On-site; INR 3,500,000 - 6,000,000; Full time

Job summary

M&G India is seeking a senior financial reporting lead to own the balance sheet and income statement reporting for Group and local statutory bases, ensuring UK GAAP, IFRS and Solvency II compliance.

You will oversee quarterly close, manage Tagetik submissions, provide product-level analysis for Unit-Linked and With Profits, and drive continuous improvement in controls and automation with Finance Operations, Group Reporting and Technology.

Responsibilities

• Lead the review and delivery of balance sheet and income statement reporting for Group and local statutory bases, ensuring UK GAAP, IFRS, and Solvency II compliance.
• Oversee quarterly close activities, reconciliations and analytical reviews for assets, liabilities, revenue and expenses.
• Manage Tagetik submissions for disclosure reporting, ensuring completeness and timely delivery.
• Oversee Solvency II reporting inputs and QRTs for balance sheet, assets, own funds, premiums and expenses.
• Provide senior oversight of product-level analysis for Unit-Linked and With Profits, including charges and variance drivers.
• Lead resolution of validation errors, mapping issues and late adjustment requirements with Finance Ops, Reporting Analysis, Change and Technology teams.
• Support upcoming product launches by reviewing mapping updates, disclosure changes, testing outputs and implementation impacts on reporting.
• Maintain a strong financial control environment through documented reviews, issue tracking and process standardisation.
• Act as a senior point of contact for internal and external audit queries, ensuring audit evidence is complete and timely.
• Provide guidance and coaching to team members, prioritising activities during annual reporting peaks.
• Drive continuous improvement, automation opportunities and control enhancements to reduce manual effort and improve reporting quality.
• Build relationships across M&G Finance, Actuarial, Finance Operations, Group Reporting, Change, Technology and external stakeholders.

Job description

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune. Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues. Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions. Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Accountabilities/Responsibilities

• Lead the review and delivery of accurate balance sheet and income statement reporting on both Group and local statutory bases for assigned M&G Insurance entities, ensuring compliance with UK GAAP, IFRS and Solvency II requirements.
• Oversee quarterly GL close activities, reconciliations and analytical reviews for assets, liabilities, revenue and expenses, ensuring completeness, accuracy, timely sign-off and robust evidence retention.
• Manage and review Tagetik submissions for disclosure reporting, including annual disclosure, ensuring output is complete, consistent and delivered to agreed timelines.
• Oversee Solvency II reporting inputs and supporting workings, including quarterly and annual QRTs for balance sheet, assets, own funds, premiums, claims and expenses, with appropriate review and challenge.
• Provide senior oversight of product-level analysis for Unit-Linked and With Profits business, including charges, expenses, movements and drivers of variance.
• Lead resolution of validation errors, mapping issues and late adjustment requirements by coordinating with Finance Operations, Reporting Analysis, Change and Technology teams.
• Support upcoming product launches by reviewing mapping updates, Tagetik disclosure changes, testing outputs and implementation impacts on reporting and controls.
• Maintain a strong financial control environment through documented review, issue tracking, exception management, WIT updates and process standardisation.
• Act as a senior point of contact for internal and external audit queries, ensuring audit evidence is complete, accurate and provided within required timelines.
• Provide guidance, coaching and review support to team members, helping prioritise activities across and annual reporting peaks.
• Drive continuous improvement, automation opportunities and control enhancements to reduce manual effort, improve process resilience and strengthen reporting quality.
• Build effective relationships across M&G Finance, Actuarial, Finance Operations, Group Reporting, Change, Technology and external stakeholders to ensure reporting requirements are understood and delivered.

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2024, we had £345.9 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.